Susan Turcotte
- Entity taxation
- Corporate tax strategies
- Deduction optimization
- Bachelors in Accounting, Bryant College in Smithfield RI
- Masters in taxation, Bryant College in Smithfield RI
Articles
CP5071 IRS letter: What it is and how to respond in 2026
If you received a CP5071 IRS letter, the IRS is asking you to confirm your identity before it will finish processing your federal tax return. This is not a penalty notice, an audit, or a sign that you did something wrong. The IRS flags returns through its Taxpayer Protection Program when something about the filing looks unusual – ...
Superannuation vs 401k: Key differences every US expat in Australia must know in 2026
Quick answer box Mandatory vs voluntary. Superannuation is a mandatory employer contribution under Australian law; a 401(k) is a voluntary employee election under the US Internal Revenue Code. US tax treatment. 401(k) deferrals reduce your US taxable income in the yea...
IRS Section 121 exclusion on primary residence sale: Capital gains tax relief for expats abroad
The Section 121 home sale exclusion allows eligible homeowners to exclude up to $250,000 of capital gain – or up to $500,000 for married couples filing jointly – when they sell a principal residence. To qualif...
Form 5471 Schedule E: Reporting foreign income taxes and claiming the deemed-paid credit
Form 5471 Schedule E reports the foreign income taxes a controlled foreign corporation paid or accrued during its tax year. The US shareholder uses this data to claim a deemed-paid foreign tax credit under IRC Section 960, reducing double taxation. ...